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December 5, 2007

Legrand Buys Chinese Manufacturer

Electrical manufacturer Legrand, based in France, is buying TCL Wuxi, a Chinese manufacturer specialized in modular and high-current circuit-breakers.
 
The move reinforces Legrand's presence in China. Legrand is already active in the energy-distribution segment in China.
 
TCL Wuxi, which reports sales of close to €20 million (US$29.3 million at current rates of exchange) has a sales force of 200.  
 
TCL Wuxi is Legrand’s fifth acquisition since January 2007, following HPM, number two for wiring devices in Australia; UStec, a US company specializing in residential structured cabling; Kontaktor, number one for high-current circuit-breakers in Russia; and, most recently, Macse, Mexico’s number one producer of metal cable management systems. Sales of these five companies should represent close to €200 million on an annual basis.
 
Legrand operates in over 60 countries with sales of €3.7 billion in 2006.

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